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| Agility reports lower 1Q profit |
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Wednesday, May 16, 2012
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The Kuwait-based logistics provider said it had a profit of 7.1 million Kuwait dinar ($25.4 million) for the first quarter of 2012, 8 percent less than what it earned in the same 2011 period. Revenue was 321.8 million Kuwait dinar, a 1 percent increase from the same 2011 period. “2011 was the first year that we began reporting our numbers excluding defense and government contracts. Relative to this baseline, 2012 has started off on the right track,” said ...
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| Forwarder gets jail time |
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Wednesday, May 16, 2012
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The U.S. Commerce Department's Bureau of Industry and Security said Tuesday that a former manager of a Netherlands-based freight-forwarding company was sentenced to six months in prison for conspiring to defraud the United States by facilitating the illegal export of goods to Iran. Ulrich Davis, 50, a Dutch citizen from Pumerend, The Netherlands, pleaded guilty in February to an information charging him with conspiracy to defraud the United States through the viol...
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| Schenker joint venture in Oman starts |
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Tuesday, May 15, 2012
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Schenker Khimji’s LLC, a joint venture that DB Schenker Logistics has established with long-time partner Khimji Ramdas Group in Oman, has started operations. The new company provides services for air and ocean freight, land transport, contract logistics, supply chain management as well as event logistics. “We see a big potential in Oman to become another hub in the Middle East," said Peter Glatz, chief executive officer for DB Schenker in the Middle East a...
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| MOL, Evergreen target Southeast with new string |
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Friday, May 11, 2012
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Ocean carriers MOL and Evergreen Line said Thursday they will start a new weekly service next month linking major Asian ports and ports in the U.S. Southeast via the Suez Canal. MOL calls this the South China/Vietnam – the U.S. South East Coast or "SVS" service, while Evergreen designates it the Asia-U.S. East Coast Service 3 or "AUE3." Ten ships of 4,500 to 5,600 TEUs each will be deployed in the joint service, with MOL providing nine ships and Evergreen one....
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| COSCO raising rates from Asia |
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Friday, May 11, 2012
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COSCO Container Lines has announced a series of planned rate hikes in major trades over the next few weeks. The increases are: $400 per TEU and a $300-per-TEU peak season surcharge from the Far East to the Persian Gulf on June 1. $200 per TEU from the Far East to the Indian Subcontinent. $600-per-FEU peak season surcharge from Asia to the United States and Canada (the fee is $480 for 20-foot containers, $675 for 40-foot high-cube containers, and $760 per 45-foot container).&nbs...
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| Emirates hiking Asia export rates |
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Wednesday, May 09, 2012
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Emirates Shipping Line said Tuesday it plans to hike rates on trades from Asia to the Indian Subcontinent, Middle East, and Africa from May 15. The increases are $250 per TEU from the Far East and Southeast Asia to East Africa, and $300 per TEU from the Far East and Southeast Asia to the Indian Subcontinent and Middle East.
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| Hapag-Lloyd drops slots on Hyundai's KMS |
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Tuesday, May 08, 2012
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The ocean carrier Hapag-Lloyd has ended its slot charter agreement with Hyundai Merchant Marine on the latter's weekly Asia-Middle East feeder service KMS. The last sailing will depart Gwangyang, Korea May 9 on the Hyundai General . The service operates with six Hyundai vessels with an average capacity of 5,992 TEUs and the rotation of the KMS remains Gwangyang, Busan, Ningbo, Keelung, Yantian, Hong Kong, Singapore, Port Kelang, Dubai, Bandar Abbas, Karachi, Singapore, Hong Kon...
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| Zim downgraded by S&P |
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Monday, May 07, 2012
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The Israeli branch of the ratings agency Standard & Poor’s has downgraded the bond rating of the liner carrier Zim. The downgrade took Zim’s rating to ilB, with a negative outlook. On Monday, Zim hit back against the rating, saying the S&P Maalot downgrade ignores measures the line has taken to shore up its bottom line. “S&P’s rating methodology and rational for the bond rating downgrade, do not take into account a serie...
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| Hapag-Lloyd announces rate increase |
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Friday, May 04, 2012
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Liner carrier Hapag-Lloyd said it will increase its transatlantic freight rates on July 1. Rates on both eastbound and westbound cargo between all coasts of the United States and Canada to and from North Europe and the Mediterranean will increase $400 on 20-foot containers and $500 on 40-foot containers. The German carrier is also increasing rates between all coasts of Mexico and North Europe in both directions. The increase is $240 p...
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| Evergreen joins Hyundai’s KMS |
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Friday, May 04, 2012
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The liner shipping company Evergreen Line will join Hyundai Merchant Marine’s KMS service, which covers the Asia-to-Middle East trade. Evergreen will charter slots from the May 9 sailing of the Hyundai General from Gwangyang. KMS runs with six Hyundai-operated vessels averaging 5,992 TEUs each. Emirates, Hapag-Lloyd, MCC (intra-Asia portion), MOL and NYK also take slots on the service. Its rotation is Gwangyang, Busan, Ningbo, ...
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| K+N boosts LCL in Asia-Pacific |
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Wednesday, May 02, 2012
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Swiss freight forwarder Kuehne + Nagel will use its Shanghai gateway to further strengthen its less-than-containerload offerings in the Asia Pacific region. The new gateway complements K+N’s existing direct services in Shanghai and serves as an alternative to the company’s other two gateways in Singapore and Sri Lanka. Since May 1, 28 new gateway services have been operational from Shanghai, the company said. The services, operated by K+N’s non-vessel-operating com...
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| Maersk raises Latin America-Middle East rates |
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Wednesday, May 02, 2012
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Maersk Line said this week it will raise rates on the trade between Latin America and the Middle East and Black Sea regions from June 1. The increases are $100 per TEU from the Middle East to Latin America, and $300 per refrigerated container from the east coast of South America to the Middle East, Black Sea, North Africa and Europe.
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| Maersk's Masiika speeds up, shifts to Mombasa |
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Wednesday, May 02, 2012
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The ocean carrier Maersk Line has switched from calling Dar es Salaam in favor of a new call at Mombasa and speeded up its Masiika Express service between the Middle East and East Africa, decreasing roundtrip voyage time from 35 days to 28 days. This move could have been motivated in part by Maersk’s temporary suspension of its dedicated Salalah-Mombasa feeder service Mombasa Express, which skips several sailing positions in the second half of Apr...
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| BIS adds 16 persons to Entity List |
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Monday, April 30, 2012
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The U.S. Commerce Department’s Bureau of Industry and Security will add 16 persons - four individuals and 12 companies in Afghanistan, Pakistan and the United Arab Emirates - to its Entity List for providing materials used to produce improvised explosive devices (IEDs) and used against U.S. and coalition forces in Afghanistan. The persons who were added to the Entity List have been determined by the federal government as a threat to U.S. national security or foreign p...
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| New World, Evergreen leave CMA CGM's FAL 1 |
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Thursday, April 26, 2012
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The liner shipping companies APL, Hyundai, MOL (New World Alliance) and Evergreen have all left CMA CGM's French Asia Line 1, which covers Europe-Middle East-Asia. All four liner companies pulled out of the FAL 1 in late March and will complete their final voyage in early May with the CMA CGM Thalassa . For APL and MOL this was their NCE service, while Hyundai referred to it as the FA1. Evergreen is the only carrier that has moved onto CMA CGM's French Asia Line 3 after ending i...
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| Southern Air adds 4th B777 freighter |
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Thursday, April 26, 2012
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Southern Air Holdings today has taken ownership of its fourth B777 freight at Boeing’s headquarters in Everett, Wash. Southern Air is the only ACMI (aircraft, crew, maintenance and insurance) operator to fly the B777 freighter, enabling it to serve customers with fewer stops, shorter cargo delivery times and lower handling costs. These freighters offer the most cargo capacity and longest flight times in the industry, making it possible to connect intercontinental markets overni...
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| Agility fires back with suit against DLA |
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Wednesday, April 25, 2012
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Kuwait-based logistics company Agility said on Tuesday it has filed a $225 million breach of claims suit against the U.S. Defense Logistics Agency, adding the agency breached the terms of a contract, according to a Reuters report. The logistics company, which built its reputation on the back of a number of contracts with DLA before being indicted by the U.S. Justice Department for fraud in November 2009, said in a statement U.S. government officials employed by DLA and the...
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| NSCSA rebrands itself as Bahri |
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Monday, April 23, 2012
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National Shipping Company of Saudi Arabia (NSCSA) said last week it has begun marketing itself under the brand “Bahri,” an Arabic word which means "nautical" or "of the sea." The company held an event last week in Riyadh to introduce the new brand. “Our new brand reflects the nature of our organization - we are adaptive. The business landscape is changing at a tumultuous pace and requires nothing short of reinventing ourselves to be agile and responsive to the crit...
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| Maersk ends Mideast-Indian Ocean loop |
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Monday, April 23, 2012
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The ocean carrier Maersk Line has suspended its weekly IOI service between the Middle East and the Indian Ocean. The last sailing was by the Maersk Warsaw , which departed Salalah on April 6. The four-ship average 1,713-TEUs IOI loop had a port rotation of Salalah, Reunion Island, Port Louis, Toamasina, Victoria, and Salalah. Maersk subsidiary Safmarine had been sharing space on the service. The IOI was one of six Maersk and...
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| CMA CGM, Emirates partner on Mideast-Africa service |
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Monday, April 23, 2012
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CMA CGM said Thursday it will partner with Emirates Shipping Line on the trade between India, the Middle East and east Africa from mid-May. The French container line will drop its existing SWAX service and form two new services with the same moniker, SWAX 2 and SWAX 3. The SWAX 2 service will have a rotation of Jebel Ali, Khor Fakkan, Mombasa, Zanzibar, and Jebel Ali. It will be operated with five 2,200-TEU vessels (four from CMA CGM and one from Emirates). ...
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| BIS shuts down exports to Mahan Air partners |
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Friday, April 20, 2012
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The U.S. Commerce Department’s Bureau of Industry and Security on Thursday added Mahan Air General Trading of the United Arab Emirates, as well as Skyco (UK) Ltd. and Equipco (UK) Ltd. of the United Kingdom, to a “temporary denial order” (TDO) issued to halt the illegal transfer and operation of aircraft subject to BIS regulation by Iran-based Mahan Air. The order expands the TDO to include three additional parties, all related to Mahan Air. Under the order, these three parties...
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| Hanjin expands to Black Sea |
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Thursday, April 19, 2012
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Hanjin Shipping said Wednesday it is joining two services in the Black Sea region over the next month. The South Korean line will join a consortium service between Asia and the Black Sea from the middle of May. The eight-ship ABX service is currently operated by China Shipping, Yang Ming and “K” Line. It has a rotation of Shanghai, Ningbo, Shekou, Singapore, Port Kelang, Piraeus, Istanbul, Constanza, Ilichevsk, Port Kelang, and Shanghai. PIL, Zim, and ...
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| Emirates raising Far East/Mideast rates |
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Wednesday, April 18, 2012
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Emirates Shipping Line said Tuesday it plans to hike rates on the trade from the Far East to Middle East in May. The increase, $300 per TEU, is applicable to westbound shipments from May 1. The carrier said the increase is “in line with market conditions.”
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| MSC hiking Europe-Asia eastbound rates |
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Wednesday, April 18, 2012
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The liner carrier Mediterranean Shipping Co. said Tuesday it plans to raise rates on the eastbound trade from Northern Europe to the Middle East and Asia from May 1. The increase is $200 per 20-foot container and $400 per 40-foot container. It’s applicable from all origins in Northern Europe, including U.K., Scandinavian, Baltic and Russian ports.
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| CMA CGM raising European export rates |
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Monday, April 16, 2012
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The liner carrier CMA CGM said Monday it plans to raise rates on a number of trades from Europe in the coming weeks. The increases are: From North Europe to Red Sea and Persian Gulf ports, $200 per container, effectively immediately. From North Europe to Asia, the Red Sea and Middle East, $100 per TEU from May 1. From North Europe to India and Pakistan, $150 per 20-foot container and $200 per 40-foot container.
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| UASC in $150 million financing deal |
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Monday, April 16, 2012
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United Arab Shipping Co. (UASC) said it has concluded a financing agreement worth $150 million that includes a seven-year senior term loan facility with Kuwait's Burgan Bank. UASC said the funds "will contribute to the company’s long-term working capital facilities associated with growing the company’s fleet capacity." The carrier is in the process of completing the introduction of nine 13,500-TEU vessels of which seven are now service.
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| Cathay's cargo down 10% in March |
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Monday, April 16, 2012
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Cathay Pacific and sister airline Dragonair saw air freight volume drop 10.7 percent in March to 144,140 tons. The two airlines’ cargo load factor was down 2.7 percent to 68.3 percent, while capacity decreased by 2.9 percent. For the first quarter, cargo volume dropped by 10.5 percent, while capacity was down by 2.1 percent. "March was the strongest month of the year so far for our cargo business,” said James Woodrow, Cathay Pacific's general manager cargo sales&nb...
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| COSCO raising Asia-Middle East rates |
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Friday, April 13, 2012
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COSCO Container Lines said this week it plans to hike rates and introduce surcharges on trades from the Far East to the Middle East. The measures include a $300-per-TEU rate increase on both May 1 and May 15 for westbound shipments to the Persian Gulf, and a $100-per-TEU increase from May 1 eastbound from the Persian Gulf to the Far East. Meanwhile, COSCO will also assess a $300-per-TEU peak season surcharge from May 15 on eastbound shipments to Red Sea ports. The ...
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| Deer heads IJS’s EMEA ocean freight |
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Friday, April 13, 2012
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Dutch logistics services provider IJS Global has appointed Matthew Deer to head of ocean freight for Europe, the Middle East and Africa. Deer joins IJS after holding various positions at global shipping lines as well as senior positions in the logistics business. Based at the company’s London-Heathrow office, he will report to Mike Gillett, chief executive officer for EMEA, and functionally to Sven Boekhorst, head of global ocean freight.
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| Bigger Maersk MESA speeds up, adds calls |
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Thursday, April 12, 2012
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After a two-month slowdown, ocean carrier Maersk Line has resumed a six-week roundtrip voyage time on its MESA service between the Middle East and South Africa and added new calls at the Indian Ocean ports of Reunion Island, Port Louis, and Toamasina, as well as the carrier’s major Middle East hub at Salalah and Port Elizabeth in South Africa. Over the next two months, Maersk will also increase capacity on the MESA by swapping the vessels for larger ones currently de...
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| Emirates joins Hyundia's Asia-Middle East loop |
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Tuesday, April 10, 2012
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The liner carrier Emirates Shipping Line said Tuesday it's joining a Hyundai Merchant Marine-operated service between South Korea, China, and the Middle East. Emirates will join Hyundai’s KMS service as a slot buyer from April 24. KMS has a rotation of Gwangyang, Busan, Ningbo, Keelung, Yantian, Hong Kong, Singapore, Port Kelang, Jebel Ali, Bandar Abbas, Karachi, Singapore, Hong Kong, and Gwangyang. According to American Shipper affiliate ComPair Data , the service...
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| MSC raising Oceania rates to Europe/Mideast/India |
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Friday, April 06, 2012
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Mediterranean Shipping Co. said Thursday it plans to hike rates from Australia and New Zealand to several destination regions from May 1. The increases are: $150 per 20-foot container and $300 per 40-foot container to Europe and the Middle East . $500 per 20-foot container and $1,000 per 40-foot to the Indian Subcontinent . $200 per container to Chittagong .
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| Seago stops Port Said cargo acceptance |
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Thursday, March 29, 2012
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Seago Line, the intra-Europe specialist line of the A.P. Moller-Maersk Group, said this week it is temporarily ceasing acceptance of cargo to or from the Suez Canal Container Terminal in Port Said, Egypt. The line said the halt is due to a slowdown in productivity in the terminal. “The duration of the slowdown in operations is currently not known,” the line said. “Bookings are accepted as normal to and from Alexandria.” SCCT is operated and majority-ow...
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| DP World to repay $3 billion loan |
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Monday, March 26, 2012
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DP World Ltd. said Monday that it would use existing cash resources to repay $3 billion outstanding under a revolving credit facility due to mature in October 2012. The Dubai-based shipping terminal operator said the repayments will take place between April 4 and April 10. At the end of 2011, DP World had $4.2 billion of cash balances including cash flow generated from its portfolio of global terminals and the proceeds from the sale of a 75-percent interest in...
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| CMA CGM raising rates ex-Asia, Mideast |
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Thursday, March 22, 2012
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The liner carrier CMA CGM said Wednesday it plans to raise rates in April on a number of trades from Asia and the Middle East. From the April 1, the proposed increases are: From the Middle East and India to East Africa on the line’s SWAX service, $200 per TEU. From the Middle East and India to West Africa on its MIDAS service, $100 per TEU. From Asia to South Africa, $300 per TEU. From April 15, the increases are: From Asia to New Zealand on the ANZEX ser...
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| Hanjin plans 2 new TP services |
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Tuesday, March 20, 2012
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Hanjin Shipping said Tuesday it will be an operator of vessels on two new transpacific services to be introduced between late April and early May. Both the services offer relatively unique rotations for the trade, with one a pure Japan-Long Beach express service, and the other a Middle East-South Asia-Southeast Asia-North Asia-to-U.S. West Coast loop. The latter will be operated with ships from Hanjin and NYK Line, and will have a rotation of Jebel Ali, Damman, Por...
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| Emirates raising India-Mideast/East Africa rates |
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Monday, March 19, 2012
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Emirates Shipping Line said Monday it's raising rates from the Indian Subcontinent and the Middle East to East Africa. The increase, $200 per TEU, is effective April 1.
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| Aramex enters Korean market |
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Thursday, March 15, 2012
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Aramex, a Dubai-based freight logistics services provider, has formalized its entry into the South Korean economy by signing a service partnership agreement with CJ GLS in Seoul. CJ GLS, set up in 1998, has 74 distribution centers and 25 offices spread across 12 countries in Asia, Europe, and North America. The companies cited the South Korean economy and its potential as the main reason for establishing their cooperation. According to f...
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| George franchisees pick ediTRACK |
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Tuesday, March 13, 2012
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Asda, a U.K. supermarket chain and subsidiary of Wal-Mart, has selected the supply chain technology service of ediTRACK to manage the franchises for its fashion and clothing brand, George. ediTRACK's software-as-a-service (SaaS) platform will show inventory at distribution hubs and container freight stations from the United Kingdom to China and the Middle East, updating each product’s progress along the way via control checks. The platform can als...
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| TNT, Emirates enter cargo code-share |
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Thursday, March 08, 2012
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TNT Airways and Emirates SkyCargo have expanded their cooperation by entering a code-share and blocked-space agreement. Under the agreement, Emirates will place its airline code and use space on TNT ’s Boeing 777 freighter flights on the New York-JFK to Liege, Belgium, and Hong Kong-Dubai-Liege routes. The flight frequency on the Hong Kong-Dubai-Liege route will increase from four to six times a week, while the JFK-Liege route will be served five times a week. ...
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| Maersk suspends Europe-India ICON loop |
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Wednesday, March 07, 2012
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The ocean carrier Maersk Line is suspending its weekly North Europe to the Middle East and Indian Subcontinent ICON service. The last sailing will be by the Maersk Darlington, departing Felixstowe on March 12. The seven-ship average 4,208-TEUs ICON has a port rotation of Felixstowe, Zeebrugge, Rotterdam, Bremerhaven, Salalah, Colombo, Chennai, Colombo, Salalah, and Felixstowe. Maersk subsidiary Safmarine has been sharing space on the service, c...
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| Australian shipper indicted for illegal U.S. exports |
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Monday, March 05, 2012
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The U.S. Justice Department said an Australian man and his company were indicted last Thursday by a federal grand jury in the District of Columbia for conspiring to export sensitive military and other technology from the United States to Iran, including components with applications in missiles, drones, torpedoes, and helicopters. The five-count indictment charges David Levick, 50, and ICM Components, based in Thorleigh, Australia, each with one count of conspiracy to defraud the...
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| Hanjin raises Asia-Europe rates |
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Friday, March 02, 2012
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The liner carrier Hanjin Shipping said Friday it will seek rate increases on the Asia-Europe trade from April 1, joining a chorus of other lines that have announced similar rates hikes. Hanjin’s increases are $400 per 20-foot container and $800 per 40-foot container from the Far East (excluding Japan), Southeast Asia, the Indian Subcontinent, and Middle East to Northern Europe (including Baltic and Scandinavian ports) and the Mediterranean. From Japan to ...
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| MSC hiking Med-U.S. rates |
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Friday, March 02, 2012
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The liner carrier Mediterranean Shipping Co. said this week it plans to hike rates from the Mediterranean to the United States on two occasions in the coming months. The first increase, on April 1, is $240 per 20-foot container and $300 per 40-foot container. The second increase, on July 1, is $280 per 20-foot container and $350 per 40-foot container. The increases apply to origins in Portugal, Spain, Italy, southern France, Israel, Serbia, Croatia, Slovenia, Bosni...
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| Maersk's MESA slows, shifts to Cape Town |
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Wednesday, February 22, 2012
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The ocean carrier Maersk Line has dropped a port call at Port Elizabeth in favor of a new call at Cape Town and added a seventh vessel to its weekly Middle East/India-South Africa MESA service, increasing round-trip voyage time from 42 days to 49 days. The revised rotation of MESA is Dubai, Karachi, Nhava Sheva, Durban, Cape Town, and Dubai. Maersk subsidiary Safmarine continues to take slots on the service. The Maersk vessels on the service...
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| MSC raises India-Middle East/Europe rates |
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Wednesday, February 22, 2012
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The liner carrier Mediterranean Shipping Co. said it plans to raise rates on the trades from the Indian Subcontinent and Middle East to Europe from March 1. The increases are: $200 per TEU from Indian and Pakistan to Northern Europe . $150 per TEU from Middle East to Europe , including Northern Europe, the Mediterranean, and Adriatic.
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| MSC raising Black Sea/East Med export rates |
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Tuesday, February 21, 2012
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The liner carrier Mediterranean Shipping Co. said it plans to raise rates on a number of trades out of the east Mediterranean and Black Sea from March 1. The increases are: $50 per container from Egypt, Lebanon, Cyprus, Syria, and Israel to South Africa, Mozambique and West Africa. $100 per container from Egypt, Lebanon, Cyprus, Syria, and Israel to east Africa and Red Sea ports. $100 per container from Port Said and Alexandria to northern Africa ports. $50 per 20-foot c...
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| NY shipper sentenced for illegal exports |
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Monday, February 20, 2012
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The U.S. Justice Department on Friday said Jeng “Jay” Shih, 54, a U.S. citizen, was sentenced in the District of Columbia to 18 months in prison, while his Queens, N.Y.-based company, Sunrise Technologies and Trading Corp., was sentenced to 24 months corporate probation for conspiracy to illegally export U.S.-origin computers from the United States to Iran via the United Arab Emirates. On Oct. 7, 2011, Shih and his company each pleaded guilty to conspiracy to violat...
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| SPD starts Indian supply chain, 4PL platform |
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Monday, February 20, 2012
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SourceProcureDeliver.com (SPD), based in Mumbai, India, has launched a new supply chain and distribution platform. The service is initially aimed at suppliers looking to enter the Indian market. SPD said companies currently face a risky choice of either shipping stock against confirmed advance paid orders or entering the market on their own without an existing order base. SPD’s platform introduces a supplier to its target segment and tak...
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| California shipper pleads guilty to illegal exports |
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Friday, February 17, 2012
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The U.S. Justice Department said Massoud Habibion, a U.S. citizen and co-owner of a Costa Mesa, Calif.-based Online Micro LLC, pleaded guilty Thursday in the District of Columbia to conspiracy to illegally export computers from the United States to Iran through the United Arab Emirates. Additionally, Mohsen Motamedian, 44, a U.S. citizen and co-owner of Online Micro, pleaded guilty to obstruction of justice. At a hearing before U.S. District Judge Ellen S...
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| Maersk remodels TP6/AE6 pendulum |
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Friday, February 17, 2012
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The ocean carrier Maersk Line has slowed its Los Angeles-Asia-Europe TP6/AE6 pendulum, adjusting round-trip voyage times from around 93 days to 103 days. At the same time it has dropped calls in both directions at its West Mediterranean hub in Algeciras, and is adding an eastbound call at its major Middle East hub in Salalah. In North Europe, in addition to a call in Bremerhaven, the loop will add a call at Hamburg. ...
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| CMA CGM boosts rates on eastbound TP, other trades |
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Thursday, February 16, 2012
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The liner carrier CMA CGM said Wednesday it will raise rates on the eastbound transpacific in line with recommendations made by the Transpacific Stabilization Agreement, among a host of planned rate hikes over the next three months. The proposed increases on the eastbound transpacific include: From Asia to all U.S. destinations (including intermodal), $240 per 20-foot container, $300 per 40-foot container, $340 per 40-foot high-cube container, $380 per 45-foot conta...
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| Emirates hikes Mideast/East Africa rates |
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Thursday, February 16, 2012
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Emirates Shipping Line said Wednesday it will seek a rate increase on containers moving from the Middle East to East Africa. The increase, effective March 1, is $250 per TEU. The carrier’s two-ship GIA service links the two regions with a rotation of Karachi, Sharjah, Jebel Ali, Mombasa, Zanzibar, Dar es Salaam, Nhava Sheva, and Karachi.
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| CSAV Norasia’s ABS folds into MSC’s Tiger |
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Tuesday, February 14, 2012
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The liner shipping company CSAV Norasia’s Asia-East Med Sea ABS service will become a part of Mediterranean Shipping Co.’s Asia-East Med Tiger Service beginning with the Feb. 1 sailing of MSC Luciana from Beirut. The merged joint service will sail weekly, operating with 10 vessels averaging 13,401 TEUs. All 10 ships are operated by MSC. CSAV Norasia is a subsidiary of Chile's CSAV group which has progressively been forming joint serv...
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| UASC sets up own UK agency |
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Tuesday, February 14, 2012
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The liner carrier United Arab Shipping Co. said this week it has set up its own agency in the United Kingdom. United Arab Shipping Agency Co. (U.K) Ltd. is part of “long-term growth and regional expansion plans for staging an integrated global operation,” UASC said. The new agency replaces existing activities by Barking, U.K.-based Interfreight Shipping Agency Ltd., which UASC used for 12 years.
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| COSCO boosting Asia-Mideast rates |
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Monday, February 13, 2012
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COSCO Container Lines said Friday it plans to raise rates on shipments from the Far East to the Middle East, starting March 1. The increases are $300 per TEU on shipments to the Red Sea, and $500 per TEU on shipments to the Persian Gulf. The increases are applicable to origins in China, Hong Kong, Taiwan, Macao, the Philippines, Vietnam, Thailand, Malaysia, Singapore, Indonesia, Korea, Brunei, Cambodia, Myanmar and Bangladesh.
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| MIQ starts Istanbul-NY LCL service |
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Friday, February 10, 2012
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MIQ Logistics said Thursday it has started less-than-container-load (LCL) consolidation services from Istanbul to New York. Kansas-based MIQ is partnering with its agent INCI Lojistik on the service to collect LCL shipments from any point in Turkey, and many points in Eastern Europe, consolidate them in Istanbul before transporting the boxes to New York for deconsolidation and final delivery. The service can be used independently, or as a comprehen...
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| CMA CGM raising rates on several trades |
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Friday, February 10, 2012
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The liner carrier CMA CGM said Thursday it plans to increase rates on a number of trades between March 1 and April 1. The increases from March 1 are: From India and the Middle East Gulf to East Africa (Mombasa and Dar Es Salam), $250 per TEU. From India and Pakistan to Northern Europe, Mediterranean, Baltic, Black Sea and North Africa ports, $200 per 20-foot container and $400 per 40-foot container for dry and reefer cargo. From Northern Europe to East Coast South Americ...
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| MSC increasing Med-Red Sea rates |
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Friday, February 10, 2012
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The liner carrier Mediterranean Shipping Co. said this week it plans to increase rates on shipments from West Mediterranean and Adriatic ports to the Red Sea. The increase, $100 per TEU, is effective from March 1.
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| Ex-forwarder pleads guilty to illegal export |
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Thursday, February 09, 2012
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A former manager of a Netherlands-based freight forwarder pleaded guilty for conspiring to defraud the United States by facilitating the illegal export of goods to Iran. Ulrich Davis, 50, a Dutch citizen of Pumerend, The Netherlands, entered his guilty plea before U.S. District Judge Claire C. Cecchi in Newark, N.J. federal court on Monday. According to court documents, Davis was the sales and business development manager for a company described in the In...
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